HK Stock Market Move | ZA ONLINE's morning trading increased by over 6%, with premium income in the first four months exceeding 10 billion yuan, institutions optimistic about the company's growth under the empowerment of technology.

ZA ONLINE (06060) rose over 6% in the morning session, with a 5.63% increase at the time of writing, trading at HK$12.76 with a turnover of HK$742.966 million. On the news front, ZA ONLINE announced that the company's total original insurance premium income for the period from January 1 to April 30, 2025, was approximately RMB 10.935 billion. Sinolink Research predicts that the premium is expected to continue to grow by more than 10% for the full year, with a focus on health and auto insurance as important drivers, while reinsurance continues to decrease and guarantee insurance is prudently developed. Pacific Securities previously pointed out that in 2024, the company expanded its user coverage through multi-scenario and multi-dimensional brand penetration; the total premium from self-owned channels during the reporting period was RMB 7.460 billion, accounting for 22.3% of the total premium; renewal premium from self-owned channels increased by +34% year-on-year, with a share increasing to 30%. The cloud insurance core system "Wujie Mountain" issued 19.732 billion policies, with an underwriting automation rate of 99%; the ZA AI platform was created, supported by about 70 active Siasun Robot & Automation for AI customer service, health consultation, and claims processing. The bank pointed out that the company adheres to the strategy of driving growth with dual engines of insurance and technology, continuously optimizing its product structure, significantly improving investment income, and is optimistic about the company's growth under technology empowerment. It is expected that the insurance service revenue of the company for 2025-2027 will be RMB 34.966 billion, RMB 38.697 billion, and RMB 42.861 billion, with a net profit attributable to shareholders of RMB 0.925 billion, RMB 1.060 billion, and RMB 1.233 billion respectively.